Tallahassee Home Sales Vary by Neighborhood

You’ve heard the old real estate adage: location, location, location. When it comes to the pace of Tallahassee home sales, nothing could be truer. Different neighborhoods have vastly different sales rates. Let’s take a look at a few popular neighborhoods – some are more popular than others when it comes to homes sales.

 Tallahassee Home Sales Recap

Tallahassee Home Sales – Overall, there are currently 1,535 single family Tallahassee homes for sale. Over the past 3 months, 712 has sold. If the supply of homes for sale and the sales rate of homes both remain relatively the same, than it would take 6.5 months to sell the entire inventory of 1,535 homes. Thus, we can say that there is a 6.5 month’s supply of homes. Not a bad number, but still not back to the norms of 4 -5 months that we would see in a healthy market. Now, let’s look at specific neighborhoods.Tallahassee Home Sales

Killearn Lakes Home Sales – Killearn Lakes is the slowest-selling big neighborhood on the east side of Tallahassee. There are currently 85 homes for sale. 35 homes have sold in the past 3 months giving us a 7.2 month’s supply of homes for sale.

Killearn Estates Home Sales – Killearn Estates currently has 68 homes for sale. 34 homes sold in the past 3 months. There is a 6 month’s supply of homes.

Ox Bottom Home Sales – Ox Bottom has experienced a quicker pace of sales than the Killearn area. There are currently 20 homes for sale in Ox Bottom. Over the past 3 months, 11 homes have sold. Therefore, there is a 5.5 month’s supply of homes.

Betton Hills Home Sales – Finally, we come to a relatively hot location. Betton Hills currently has 14 homes for sale. 10 homes have sold in the past 3 months, giving us a 4.2 month’s supply of homes.

With Killearn Lakes selling almost twice as slow as Betton Hills, it’s clear that location does have a huge impact on home sales. Questions about Tallahassee home sales? Contact us!

Leave a Reply

You must be logged in to post a comment.